Friday 31 August 2018

New Malaysia?

A Malaysian woman waves a Pakatan Harapan flag in Kuala Lumpur. Photo: Bloomberg
FROZEN IN FEAR, THEN I CRIED: HOW MALAYSIANS FELT WHEN BARISAN NASIONAL FELL
In their own words: what went through Malaysian minds when Mahathir Mohamad’s Pakatan Harapan ended rival coalition’s six-decade rule
BY TASHNY SUKUMARAN
13 MAY 2018
Malaysia’s recent elections saw shocking results: Opposition coalition Pakatan Harapan forming a government and dethroning Barisan Nasional for the first time in over half a century. Young people from all racial and economic backgrounds voted overwhelmingly for the opposition. Below are four essays on their experiences when history was made.
‘Democracy will flow rich in this land’
KASTHURI PATTO, 39, daughter of old time DAP politician P. Patto
May 9, 2018 will forever be etched in the hearts of all Malaysians as the day the rakyat [ordinary citizens] made up their minds to step in to protect and save their tanahair [homeland] from continuing to be pillaged and plundered by an iron fisted kleptocratic regime under a 60-year-old Barisan Nasional government … for more, go to https://www.scmp.com/week-asia/politics/article/2145840/frozen-fear-then-i-cried-how-malaysians-felt-when-barisan 

New Malaysia?

https://youtu.be/_0vSC49Bqec (VIDEO: Spewing hatred to disunite Malaysians)

After the euphoria of having toppled the Umno-led Barisan Nasional (BN) federal government in the May 9 14th General Election (GE14), Malaysians went into a frantic rejoice.

The majority of Malaysians generally can understand why they are feeling jubilant, after a 60-year rule under a corrupt regime that had only seen its leaders taking care of their fat pockets, not the general good of Malaysians and Malaysia.

Understandably, Malaysians quickly accepted the downfall of the BN-Umno regime as the birth of a New Malaysia. Is this true or a fact?

Let us look at the two most recent cases.

> That of a young Malay woman in tudong spewing racial, religious and hate sentiments, thereby threatening national harmony and unity via a video clip posted in Facebook and also shared in WhatsApp (view above video clip); and

> Former Umno Minister and envoy, the late Jamaluddin Jarjis (JJ), whose estate is worth more than RM2 billion and is now being claimed by his mother.

Just who is the racist woman that the police, till today, does not even lift a finger to nab her?

Does this mean, under New Malaysia, Malaysians are free to behave like her, without fear for the law?

Or are the cops waiting for police reports before acting? This is akin to waiting for a murder to happen before any action is taken, despite being warned.

Looks like under the New Malaysia, selective investigations continue to be the Standard Operating Procedure (SOP) of the police! No? Then why some cases are being probed even without a police report and having cops to lodge reports to initiate investigations.

Oops! Who’s the Home Minister? It’s Muhyiddin ‘I Am Malay First’ Yassin!

Or, perhaps Malaysians should be fair, and wait for another 100 days to judge the Pakatan Harapan (PH) federal government’s delivery performance?

And, in JJ’s case, what are the Malaysian Anti-Corruption Commission (MACC) and the Inland Revenue Board (IRB) waiting for? Waiting for top level clearance to act?

Also, are Malaysians any where near to bring closure to high profile criminal cases like the murder of Mongolian French translator Altantuya Shaariibuu, the murder of Ambank Hussain Najadi, the purchase of submarines that cannot dive, and even further back, has any one been prosecuted for the multi-billion-ringgit Bank Bumiputra Malaysia (BMF) scandal's losses, and the list goes on …

Welcome to New Malaysia? … more like changing and opting for the lesser of two evils?

Here’s what has been posted and shared on the internet and other electronic social network media on JJ:

"FinanceTwitter
30 August 2018

JJ’s RM2 Billion Fortune Opens Up A Can Of Worms – Malaysia Has At Least 200 Billionaires

Who says Malay-Muslims are dirt poor? Those who think so should get their head examined. The ethnic Malays should celebrate because at least 200 of their Muslim brothers (and sisters) are actually billionaires. In fact, Malaysia should be ranked third, behind the United States (680 billionaires) and China (338) but ahead of Germany (152), on the list of countries with the most billionaires.

The problem is this – those 200 billionaires cannot disclose their wealth because they got it by plundering, looting and stealing peoples’ money. Yes, they are mostly politicians from the previous Barisan Nasional government. Such conclusion is arrived when the mother of the late Jamaluddin Jarjis filed for “faraid (wealth distribution)” certificate at the Syariah court over his RM2.082 billion estate.

Jamaluddin Jarjis, popularly known as JJ, who died in a helicopter crash in 2015, was a very close friend of former Prime Minister Najib Razak. Sure, we should not bitch about dead people. But hey, we didn’t start it. It was his 85-year-old mother who has actually opened a can of worms that has gotten millions of tongues wagging on social media.

Besides, just because JJ was dead doesn’t mean his extraordinary wealth cannot be questioned. If a man’s ill-gotten fortune is automatically made legitimate after he died, then drug lord Pablo Escobar, gangster Al-Capone and dictator Ferdinand Marcos’s dirty money should become legitimate overnight and belonged to their family members after their death.

The fact that JJ’s mother, Aminah Abdullah, is forced to go to court to get her fair share of wealth speaks volumes that there is probably family feud going on for the RM2.1 billion estate. Under the Shariah Law, the mother gets one-sixth of the estate’s assets, the wife gets one-eighth and the remainder is shared among the children.

The assets in dispute include 22 landed properties in Pahang and Kuala Lumpur, 21 bank accounts with a total of more than RM15 million, several properties in the United States and Mecca, as well as a company he owned. Aminah is questioning how her son could have allegedly given some of the property, which includes 19 companies, to his four children.

One-sixth of RM2.1 billion is worth a staggering RM350 million. That’s a truckload of money for Mr. Jamaluddin’s mother. But the jaw-dropping question here isn’t about wheelchair-bound Aminah claiming her share of the inheritance. The flabbergasted question everyone is wondering is how Jamaluddin Jarjis could accumulate such a massive fortune.

As former Rompin Member of Parliament from 1990 until his death, JJ was one of 191 UMNO warlords who get to decide the prime minister of the country. He was Second Minister of Finance (2002-2004), Minister of Domestic Trade and Consumer Affairs (2004), Minister of Science, Technology and Innovation (2004-2008) and Ambassador to the U.S. (2009-2012).

While it’s not nice to badmouth a dead man, its worth to note that like his buddy Najib Razak, Jamaluddin Jarjis wasn’t a saint when come to pretty girls. We’re talking about a minister – Jamaluddin Jarjis – who was allegedly to have molested a female worker in the Havana Club at a five-star hotel – Hotel Meridien – in Kuala Lumpur back in April 2008.

Amazingly, barely hours after the incident, the victim whose buttock was grabbed withdrew her statutory complaint against JJ, with rumours that she was paid millions to keep her mouth shut. The case was never heard again. To save his close buddy from potential trouble, Prime Minister Najib posted JJ to America as Malaysia’s Ambassador.

Jamaluddin Jarjis was also somehow involved in the 1MDB scandal when it was exposed in 2016 that Goldman Sachs hired Anis Jamaludin, daughter of Jamaluddin Jarjis, as far back as 2010. Ms Anis worked for Goldman as an investment banking analyst in Singapore from July to November 2010. Tim Leissner, then Goldman’s co-president for Southeast Asia, was working to forge closer business ties in Malaysia.

It is believed that the idea of 1Malaysia Peoples’ Housing Scheme (PR1MA) was mooted by JJ. Last year, the then-PM Najib Razak revealed that the PR1MA Malaysia had awarded more than RM15 billion worth of contracts to 574 Bumiputera firms. Overall, PR1MA had awarded more than RM22.4 billion worth of contracts to its business partners – comprising developers, contractors as well as vendors.

Yet, despite Najib’s promise to build hundreds of thousands of the affordable housing for the people – every year – the fact remains only 11,944 units of PR1MA homes have been sold by November, 2017, as admitted by former Minister in the Prime Minister’s Department Shahidan Kassim. Interestingly, JJ was actually the Chairman of 1Malaysia Peoples’ Housing Scheme (PR1MA).

Had he benefited from the scheme through kickbacks during the process of awarding the contracts, hence, resulting in under delivery of housing for the people? PR1MA is clearly a cash cow where the chairman could easily enrich himself. JJ had only served the Cabinet as minister for a short period from 2002 to 2008 and he was already worth a mind-boggling RM2.1 billion.

Therefore, it’s not an exaggeration to estimate that the newly crowned UMNO President Ahmad Zahid Hamidi is worth conservatively RM20 billion. As the former Deputy Prime Minister, not to mention his past important portfolio in Defence Ministry and Home Ministry, there’s little doubt that Mr. Zahid possesses 10 times more wealth than JJ.

Not bad for a Malay who spoke very little English.

Two years ago, Mr. Zahid courted controversial when his plan to import 1.5 million Bangladesh workers into the country was exposed. Using his brother Abdul Hakim Hamidi as his proxy, each cheap labour would be charged RM3,000 – potentially generating a cool revenue of RM4.5 billion for the Hamidi family. The project was believed to have proceeded secretly.

Heck, it’s safe to presume all the 191 UMNO warlords have reached the billion ringgit milestone in their capacity as division chiefs who determine the fate of the UMNO president. All the 191 UMNO warlords have their own pet projects to enrich themselves. That was how the Malaysian prime minister, by virtue of being UMNO president, kept his power.

For example, Haris Onn Hussein, the brother of former Defence Minister Hishammuddin Hussein Onn has a 20.16% stake in Ekovest, a company awarded the contract to build the Setiawangsa-Pantai Expressway (SPE) at a cost of RM3.738 billion with a concession period with the Government for 53½ years. That’s a cash cow the Hussein family can milk for half a century.

Even a Tier-3 UMNO warlords such as Tajuddin Abdul Rahman – nicknamed “Six Million Dollar Man” for his role in offering bribe to the tune of RM6 million for his UMNO division chief post – was already a billionaire years ago. This is the same Tajuddin who screamed until foaming at the mouth warning the Malay-Muslims about “Christianity, Chinese and Communist”.

Amusingly, his own “Ali Baba” company – Detik Utuh Sdn Bhd – was a partner with Chinese-based Crest Builder Holdings Bhd in a 49:51 equity participation involved in building Universiti Teknologi Mara (UiTM) Tapah campus in Perak in 2013. Crest Builder had put the university’s construction cost at RM285.

89 million.

While the construction cost was nothing to shout about, Mr. Tajuddin was given a cool 23-year concession to setup and maintain the campus, at a staggering RM1.3 billion. Essentially, Tajuddin’s Detik Utuh, an inactive construction company with no prior performance record in the industry, has been milking RM56.5 million every year for maintaining “new buildings”.


Like UMNO’s 191 division chiefs, their comrades from the 191 MCA division chiefs were believed to have done quite well too. For example, MCA Deputy President Wee Ka Siong, despite being mocked and laughed off as “Cry Baby Wee”, became an instant billionaire through his pet project – the RM12 billion PKFZ scandal – first hatched in 2001.

According to Forbes, there are 17 Malaysian billionaires in terms of US dollar in net worth. There are more if the fortune is measured in Malaysian Ringgit. Adding these 17 Malaysian business owners to the 191 UMNO warlords and voila, you have more than 200 billionaires. And we have not even talked about family members of politicians who become billionaire due to nepotism or using crooked means.

Nazifuddin, second son of ex-premier Najib Razak is a jolly good case study. Mr. Nazifuddin was linked to a Get-Rich-Ponzi-Scheme called UFUN. In 2015, all hell broke loose when the uFun Store had allegedly swindled 120,000 people involving at least 38 billion Baht (US$1.13 billion, £720 million, RM4 billion) in Thailand.

Now, will it be an exaggeration to suggest that Najib’s net worth is at least RM100 billion? In the same breath, those who believe that the ethnic Chinese were rich because they have robbed the Malays should think again. At least, they should be proud UMNO has produced

191 Malay billionaires, more than the Chinese. Jamaluddin Jarjis is the clearest proof!!

Get Outlook for Android


Forwarded as received.

*From my London accountant friend ..a Pahang guy who was a Director of DARA n TNB.He knows the inside story of JJ.*

I served as Director of DARA or Lembaga Kemajuan Pahang Tenggara for 8yrs...before JJ made his move to be Rompin MP .I left DARA, when it was still a Regional Govt Authority.

When TM decided to publish all privatised Govt entities,I was shocked to find,the names of Tengku Mahkota Pahang and JJ as owners of DARA with all the land.

2 large cattle farms( Dara Beef and Pahang Beef with over 12000acres of land),

Sawira Palm Oil Mill,

Teh Dara Plantations.

DARA Lam Soon ,

DARA Fabricators ,

DARA Aquaculture,which were formed to benefit the displaced Iron Ore Mine Workers of Ibam ,and rakyat of Pahang Tenggara specifically,suddenly became personal properties of JJ.and TMahkota.

It was a betrayal that I couldnt swallow.

The newco called DARA TRUSTConsortium, started the classic Asset stripping and made instant multimillionaires of a few who were loitering below the millionaire level, and all these were done quietly,swiftly and cunningly.

To add some coatings of charity and rakyat benefit...

UMNO of Rompin, Pekan, Endau, all benefited.....but the biggest beneficiaries of all are the 2main stake holders who had no qualms or tinge of guilt about what they did but moved quietly to strip DARA.

JJ then went to insist on the setting up of a UNITEN Campus in Bandar Muadzam and siphoned off a big chunk.of approved budget allocation for UNITEN Bangi for Muadzam Campus which was in his Constituency.

The move angered top management of TNB...so much so that the CEO refused to sign the cheque of RM60m ...for Muadzam!!!.

(I had the same problem when forced to sign a cheque for IPP in Pakistan which was a non starter and took 6yrs to complete).

But JJ had Najibs backing...so u can imagine who benefitted from all the transactions!!!!

What has been disclosed is tip of the iceberg....many more which could only be discussed quietly in dark corners of Karaoke rooms......

Written by Syed Akbar Ali on his blog

About 1/3 or maybe even 1/2 of JJ's RM2.1 Billion assets rests in a power station, an IPP now known as NUR Power.

This power station was once owned by NUR Sdn Bhd of which I was a Company Director.

The power plant is now easily worth over RM1.2 Billion. It has THREE valuable licenses : a power generation license, a power distribution license PLUS a license to sell back power to TNB. Just these licenses were worth hundreds of millions of Ringgit.
At one time YTL and Scomi Bhd showed interest in buying our plant. The Scomi boss met me at a golf club and while we were pissing in the Men's Room he offered RM650 million cash to buy our power plant. We had no plans to sell out.

Here is the story.

I say my company because I am still a Director of the company which was the major shareholder, founder, developer and owner of Northern Utility Resources SB (NUR Sdn Bhd) - the owner of the power plant.

We held a 40% stake in Northern Utility Resources SB. Our associates held another 20%. Together we controlled 60%.

Khazanah Nasional controlled the balance 40% (20% through TNB and 20% directly).

We built and commissioned a 225 MW gas fired power plant in Kulim Hi Tech Park at a cost of just over RM1.0 Billion. The Asian Financial Crisis saw factories shutting down at the Kulim Hi Tech Park where we built the plant. This stressed our cashflows.

We went to TNB to sell our excess power to them (a tiny, measly 100 + MW of excess power). They refused to help us out. My boss was Indian and the TNB guys used to refer to our plant as the "IPP K_ling".

Later TNB offered to buy out our 60% stake - but after agreeing on the purchase price they refused to sign the Sale and Purchase Agreement pula. Psychos.

There was a Court process where we were also frustrated. There is another story there too but I better not say it here.

1. Folks, guess who was the Chairman of Tenaga Nasional Berhad at the relevant times of our difficulties negotiating with TNB?

ANSWER : JAMALUDDIN JARJIS or JJ.

2. Then the company was put into receivership by the syndicate of banks where the main shareholder of the main bank CIMB was guess who - Khazanah Nasional Bhd again.

The CEO of CIMB was of course the brother of the Super Kleptocrat.

And JJ was of course Super Kleptocrat's super duper crony buddy - all rolled into one.

The story is not over. The consortium of Bankers (led by CIMB Bank and Khazanah of course) then sold our power plant.

3. Guess who bought our power plant?

ANSWER : JAMALUDDIN JARJIS.

By that time he had joined the Najib gomen and he set up a company to buy our power plant from the Banks (via the Receivership). His company was called NUR Power Sdn Bhd (very original).

The story is still not over. Guess how much JJ paid the Banks for our 225 MW power plant that is worth about RM1.2 Billion (or more).

Because by this time our power plant was (and still is) selling its full output of 225 MW. Annual cashflow in excess of RM650 million?

So guess how much JJ paid for our power plant?

Less than RM700 million !!

The Banks gave him about a 50% haircut (discount) from the amount owing to them. We had built the power plant for over RM1.0 Billion !! Fuiyyo !!

So JJ - the ex Chairman of TNB - got his retirement gift from Khazanah Nasional which controls TNB and also controls CIMB. He paid RM700 million or less for our power plant that was worth over RM1.2 Billion.

The story is not over yet. JJ raised a loan to buy our power plant. We heard that just one bank, Maybank gave him the loan to purchase our power plant.

We built the power plant.

We hired the Austrians (Germans actually) as our contractors.

I used to visit the construction site often.

I even bought a house in Kulim because eventually I would have had to move there.

Then the kleptocracy stepped in and just pirated away all our efforts.

Now they are fighting over their ill gotten gains - ill gotten gains from other peoples' sweat, hard work and life. Becayse one of our FOUR Directors has since passed away - with nothing from his investment and his life efforts given to his widow and family.

JJ's widow, his mother and his children are now fighting over what was pirated from other peoples' honest and hard work.

To JJ's family - sebahagian besar harta your late father bukan duit halal pun. That is why you are now fighting over the money. It is ill gotten money.

Karma is not with you.

To my friend Dato Azam Baki of the SPRM - you should investigate the story of NUR Power Sdn Bhd. There is most certainly a serious conflict of interest that JJ - the former Chairman of TNB, can buy over an IPP fo his personal gain where TNB itself was not only a shareholder but a major determinant of that IPP's fate.

When TNB refused to buy excess power of just over 100MW and later refused to sign the Sales and Purchase Agreement AFTER agreeing to buy us out, it sealed the fate of our power plant.

This must be investigated.
Get Outlook for Android"
Cover image via Sinar Harian
After more than 45 years, people have begun to question if the end of the Barisan Nasional (BN) coalition is near
BN: How A Coalition That Governed Malaysia For Decades Is Crumbling After GE14
Published by Tang Ruxyn — 13 Jun 2018, 01:39 PM
Several parties have left the Barisan Nasional coalition after about one month since the coalition's defeat in GE14 …
BN was incepted in 1973 after the Alliance Party was expanded by Tun Abdul Razak Hussein, who was prime minister then. In the 14th General Election (GE14), BN suffered a heavy defeat and fell from power as the coalition only won 79 seats out of 222 parliamentary seats while the Pakatan Harapan coalition won a total of 116 seats. Following BN's poor performance in the election, many component parties decided to leave the coalition one after another. However, BN was dealt a major blow when four Sarawak BN component parties announced their decision to pull out of the coalition with immediate effect on Tuesday, 12 June. -… for more, go to https://says.com/my/news/the-downfall-of-barisan-nasional-as-a-coalition-in-just-one-month-s-time

1 comment:


  1. Do you need Personal Loan?
    Business Cash Loan?
    Unsecured Loan
    Fast and Simple Loan?
    Quick Application Process?
    Approvals within 24-72 Hours?
    No Hidden Fees Loan?
    Funding in less than 1 Week?
    Get unsecured working capital?
    Contact Us At :oceancashcapital@gmail.com
    Phone number :+16474864724 (Whatsapp Only)

    LOAN SERVICES AVAILABLE INCLUDE:
    ================================
    *Commercial Loans.
    *Personal Loans.
    *Business Loans.
    *Investments Loans.
    *Development Loans.
    *Acquisition Loans .
    *Construction loans.
    *Credit Card Clearance Loan
    *Debt Consolidation Loan
    *Business Loans And many More:

    LOAN APPLICATION FORM:
    =================
    Full Name:................
    Loan Amount Needed:.
    Purpose of loan:.......
    Loan Duration:..
    Gender:.............
    Marital status:....
    Location:..........
    Home Address:..
    City:............
    Country:......
    Phone:..........
    Mobile / Cell:....
    Occupation:......
    Monthly Income:....

    Contact Us At oceancashcapital@gmail.com
    Phone number :+16474864724 (Whatsapp Only)

    ReplyDelete